Rising inflation eats up wage gains
Wages have ticked up in Bangladesh in recent months, but rising inflation, fueled by internal and external factors, has eroded the gains for the workers in various sectors.
8 January 2022
Non-food inflation: a runaway train
Non-food inflation has been unbridled since the government hiked diesel and kerosene prices two months ago, touching 7 per cent in December, a six-year high, pounding consumers.
6 January 2022
New year, old problems: Project revisions at 1st Ecnec meeting of 2022 despite PM’s directive
Old problems greet the Prime Minister-led Executive Committee of the National Economic Council when it convenes today for its first meeting for 2022: applications for project revisions.
3 January 2022
Economy 2021: Back on track from ravages of pandemic
Most operators are back behind the machines, so are the small traders, private service holders, vendors and domestic helps.
30 December 2021
Bangladesh poised to become $500b economy by next fiscal
Bangladesh is gunning to become a half-a-trillion-dollar economy next fiscal year buoyed by a successful vaccination campaign and a steady growth in agriculture and industry.
27 December 2021
Energy price hike pushes up inflation
Consumers in Bangladesh were squeezed further in November as inflation kept rising, driven mainly by non-food inflation as the impacts of last month’s hike of diesel and kerosene prices are taking a hold.
26 December 2021
Energy price hike pushes up inflation
Consumers in Bangladesh were squeezed further in November as inflation kept rising, driven mainly by non-food inflation as the impacts of last month’s hike of diesel and kerosene prices are taking a hold.
26 December 2021
Budget outlay to see marginal cut
The budget for the current fiscal year is set to be slashed by 1.6 per cent in the revised one because of lower development expenditure, with the cut being marginal for healthy revenue collection and higher subsidy spending.
25 December 2021
Govt to target 7.5pc GDP growth next year
The government plans to raise its economic growth target to 7.5 per cent for the next fiscal year, banking on the recovery of business activities and rising export earnings.
22 December 2021
Bangladesh buying 2cr Sinopharm vaccines
The government is procuring around 20 million Covid-19 vaccine doses from China, using funds given by the Asian Development Bank, under bilateral arrangements.
20 December 2021
Vaccination key to sustain progress: WB vice-president on Bangladesh’s challenge ahead
Bangladesh’s immediate challenge is accelerating the Covid-19 vaccination programme to cover the targeted 80 percent of the population, said a World Bank official.
18 December 2021
Rules toughen for new ADP schemes
The finance ministry has warned relevant government bodies that new projects will not be included in the revised annual development programme (RADP) for the current fiscal year if their details are not sent to the Planning Commission by January 2022.
16 December 2021
Four fast-track projects on course
With the much-talked about Padma bridge project nearing completion as only 11 per cent of the construction work remains, the authorities concerned hope to complete the project within the deadline by June next year.
16 December 2021
1% of Bangladesh's population holds 16.3% of national income: Report
Just 1 percent of Bangladesh’s population holds 16.3 percent of the total national income in 2021 and the bottom half 17.1 percent, according to a report -- making it a quintessence of poor and unequal country.
8 December 2021
Big push for solar, waste-based power
The government yesterday gave a big push to its renewable energy and waste-based power generation drive as it approved five projects with a combined electricity production capacity of 223.5 megawatts.
8 December 2021
Ecnec approves 10 projects
The Executive Committee of the National Economic Council (Ecnec) yesterday approved 10 development projects, half of which were revisions.
7 December 2021
560 Model Mosque Project: Rise in cost, delay by 3yrs
The government is set to extend the duration and budget for constructing 560 model mosques-cum-Islamic cultural centres all over the country for the second time by another three years.
6 December 2021
Mega project for digital economy
The government is undertaking a mega project worth Tk 2,541 crore to create an enabling environment for the digital economy as it gears up for the Fourth Industrial Revolution.
6 December 2021
Govt moves to ease collateral requirements
The government is set to introduce an innovative financing model under a new law to enable small businesses and startups to show their moveable assets as collateral with a view to nurturing entrepreneurs and helping them secure loans.
5 December 2021
Inflation climbs to 12-month high in October
Inflation jumped to a 12-month high in October as elevated levels of commodity costs in the international markets translated into higher consumer prices in Bangladesh, official figures showed yesterday.
29 November 2021